04 December 2006 09:27 [Source: ICIS news]
SINGAPORE (ICIS news)--Herdillia Chemicals is expected to restart its phenol-acetone plant in mid-December after a scheduled 15-day maintenance shutdown, a source close to the Indian company said on Monday.
The plant in the western state of Maharashtra can produce 36,000 tonnes/year of phenol and 20,000 tonnes/year of acetone.
The ongoing turnaround had boosted phenol spot prices as traders raised their bids due to tight supply. Spot prices gained $50/tonne to $1,350-1,370/tonne CFR (cost and freight) India by the start of December compared to levels a month earlier.
This meant that India had surpassed China as the most lucrative market in Asia. Phenol spot prices to China were traded at $1,300-1,350/tonne CFR China last week.
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